Buy And Build - There's More Than One Way To Acquire A Business - with Carl Allen
Gavin continues with a new mini-series, entitled Buy And Build, where each time, he'll be talking to experts in acquisitions, deal-making and investment, on the subject of why now might be the best time to grow and scale your business through acquisition.
This time, Gavin talks to master deal-maker and founder of the Dealmaker Wealth Society, Carl Allen, about the many creative strategies that can allow you to acquire a business, beginning with finding motivated sellers, and developing a relationship that may open new opportunities for acquisition.
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KEY TAKEAWAYS
- Learning to buy a business through acquisition is a relatively simple process. The execution is where most people fail.
- Creativity is the key when it comes to acquisition. Look for the opportunities and apply the relevant strategy. Capital up front is not always required. Sometimes we can think creatively and buy through other means.
- When starting out, those looking to acquire are far better served by investing in sectors in which they have knowledge, that are understood, and in which they can add value.
- The ideal company for acquisition should have assets, cashflows, or ideally both. If the business has assets, there are financiers that will lend against them. Lending against cashflow is essentially insured by the government, and can be another way to raise finance.
BEST MOMENTS
‘You can always get better at the things in your life'
‘It's all about finding the right type of seller, building a relationship with them, and convincing them that you're a trusted, safe, credible pair of hands'
‘It's all down to seller motivation and building relationships'
‘Go with what you know!'
VALUABLE RESOURCES
The Business Mastermind Podcast
Carl Allen LInkedIn - https://www.linkedin.com/in/iamcarlallen/
Dealmaker Wealth Society - www.dealmakerwealthsociety.com
Train With Carl - www.trainwithcarl.com/mastermind
ABOUT THE HOST
Gavin Preston
Gavin is an inspirational Speaker, Business Strategist, Business Growth Mentor, Trainer and
high-performance Coach. He works with Business Owners and Entrepreneurs and has a strong track record in creating creative strategies to accelerate the growth of their business. He has helped hundreds of SME business owners and leaders improve their performance and that of their business and a comparable number of executives and employees in blue-chip corporates over the last 20 years.
Gavin's energetic, insightful and yet down to earth and practical talks, workshops and coaching is in demand with high growth business between £250,000 and £30 million revenue and with multi-national organisations at all levels from Board to frontline
Managers. He is an expert in Business Growth Strategies, Peak Performance
Mindset, Persuasion & Engagement, Marketing, Productivity, Leadership
Development, Team Development & Motivation, Leading Change, Stakeholder
Management, Personal Effectiveness and Behavioural Change.
CONTACT METHOD
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